Homework Answers
| JOSHUA CORPORATION | ||||
| Condensed Income statement | ||||
| Year ended December 31 | ||||
| Vertical Analysis | ||||
| 2020 | 2019 | |||
| Amount | Percentage | Amount | Percentage | |
| Net Sales | $753,000 | 100.0% | $605,000 | 100.0% |
| Cost of goods sold | $469,872 | 62.4% | $392,040 | 64.8% |
| Gross Profit | $283,128 | 37.6% | $212,960 | 35.2% |
| Selling expenses | $115,209 | 15.3% | $71,390 | 11.8% |
| Administrative expenses | $63,252 | 8.4% | $57,475 | 9.5% |
| Total Operating expenses | $178,461 | 23.7% | $128,865 | 21.3% |
| Income before income taxes | $104,667 | 13.9% | $84,095 | 13.9% |
| Income taxes expense | $29,367 | 3.9% | $24,200 | 4.0% |
| Net Income | $75,300 | 10.0% | $59,895 | 9.9% |
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Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of...
"Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of...
"Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $749,000 $605,000 Cost of goods...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Percent Amount Pe Percent Amount Sales revenue $749,000 $605,000...
pls do both colums Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019...
pls do both colums
Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $749,000...
CALCUL Exercise 18-04 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of...
CALCUL Exercise 18-04 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $755,000 463,570 123,820 58,890 31,710 77,010 $600,000 391,800 76,800 55,800 23,400 52,200 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $755,000 $600,000...
Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $749,000 $603,000 Cost of...
Operating data for Joshua Corporation are presented below.
2020
2019
Sales revenue
$749,000
$603,000
Cost of goods sold
467,376
390,744
Selling expenses
118,342
69,948
Administrative expenses
58,422
59,094
Income tax expense
29,211
26,532
Net income
75,649
56,682
Prepare a schedule showing a vertical analysis for 2020 and 2019.
(Round answers to 1 decimal place, e.g.
48.5%.)
JOSHUA CORPORATION
Condensed Income Statements
For the Years Ended December 31
2020
2019
Amount
Percent
Amount
Percent
Sales revenue
$749,000
%
$603,000
%
Cost...
Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $746,000 $603,000 Cost of...
Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $746,000 $603,000 Cost of goods sold 466,250 384,714 Selling expenses 124,582 67,536 Administrative expenses 55,204 54,873 Income tax expense 37,300 24,120 Net income 62,664 71,757 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent Amount Percent Sales revenue $746,000 % $603,000 % Cost...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $749,000 467,376 118,342 58,422 29,211 75,649 $603,000 390,744 69,948 59,094 26,532 56,682 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $749,000 $603,000 Cost...
do colum 2019 please Operating data for Joshua corporation are pro LIUN. 2020 2019 Sales revenue...
do colum 2019 please
Operating data for Joshua corporation are pro LIUN. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net Income $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, ea 48.596.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount Sales revenue $749,000 $605,000 Cost...
Upudunguu Joshua Corporation are presented below. 2020 2019 Sales revenue $754,000 $595,000 Cost of goods sold...
Upudunguu Joshua Corporation are presented below. 2020 2019 Sales revenue $754,000 $595,000 Cost of goods sold 468,234 391,510 125,164 67,830 Selling expenses Administrative expenses 63,336 55.930 Income tax expense 35.438 27.965 Net income 61.828 51.765 Denare a schedule showing a vertical analysis for 2020 and 2019 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, eg. 48.5%) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $749,000 467,376 118,342 58,422 29,211 75,649 $603,000 390,744 69,948 59,094 26,532 56,682 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 13333 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. JOSHUA CORPORATION Condensed Income Statements For...
"Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $749,000 $605,000 Cost of goods...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Percent Amount Pe Percent Amount Sales revenue $749,000 $605,000...
pls do both colums
Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $749,000...
CALCUL Exercise 18-04 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $755,000 463,570 123,820 58,890 31,710 77,010 $600,000 391,800 76,800 55,800 23,400 52,200 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $755,000 $600,000...
Operating data for Joshua Corporation are presented below.
2020
2019
Sales revenue
$749,000
$603,000
Cost of goods sold
467,376
390,744
Selling expenses
118,342
69,948
Administrative expenses
58,422
59,094
Income tax expense
29,211
26,532
Net income
75,649
56,682
Prepare a schedule showing a vertical analysis for 2020 and 2019.
(Round answers to 1 decimal place, e.g.
48.5%.)
JOSHUA CORPORATION
Condensed Income Statements
For the Years Ended December 31
2020
2019
Amount
Percent
Amount
Percent
Sales revenue
$749,000
%
$603,000
%
Cost...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $749,000 467,376 118,342 58,422 29,211 75,649 $603,000 390,744 69,948 59,094 26,532 56,682 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $749,000 $603,000 Cost...
do colum 2019 please
Operating data for Joshua corporation are pro LIUN. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net Income $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, ea 48.596.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount Sales revenue $749,000 $605,000 Cost...
Upudunguu Joshua Corporation are presented below. 2020 2019 Sales revenue $754,000 $595,000 Cost of goods sold 468,234 391,510 125,164 67,830 Selling expenses Administrative expenses 63,336 55.930 Income tax expense 35.438 27.965 Net income 61.828 51.765 Denare a schedule showing a vertical analysis for 2020 and 2019 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, eg. 48.5%) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $749,000 467,376 118,342 58,422 29,211 75,649 $603,000 390,744 69,948 59,094 26,532 56,682 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 13333 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. JOSHUA CORPORATION Condensed Income Statements For...
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